PROFIT CENTER—Car sales give Calabasas one-third of its sales tax revenue. Acorn file photo
Recent headlines warn about the possibility of a nationwide recession. Whether or not the country sees another economic downturn, the data show consumers learned their lesson from the 2008 collapse and have already begun to slow their spending.
A recent report by the California New Car Dealers Association found new vehicle sales fell 5.6% in the first half of 2019. The dropoff in Southern California...
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